Hotline: 1800 102 2007
Hotline: 1800 102 2007
Search Business Opportunities
2014-09-04

Mulling increasing funding limits under CGTMSE scheme: Kalraj Mishra

The MSME ministry would encourage more and more people to become entrepreneurs and set up their own industrial units under this sector.

Micro, Small and Medium Enterprises Minister Kalraj Mishra said his ministry was considering increasing the funding limits under the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) schemes for borrowers. 
 
 
"We are mulling over increasing the funding limits under CGFT/CGTMSE scheme for borrowers. We are endeavouring to re-define the MSME sector in which funding limits in this scheme were decided way back in year 2006 and today it is year 2014; so funding limits need to be changed and increased," Mishra said at an event jointly organised by Indo-American Chamber of Commerce and Ramnagar Industrial Area Association.
 
 
The MSME ministry would encourage more and more people to become entrepreneurs and set up their own industrial units under this sector, he said, adding the government will support them financially and morally. 
 
 
"I take the responsibility to encourage entrepreneurs of our country and will give them a full backing by supporting them at all quarters," he said, adding the MSME ministry wants to promote rural entrepreneurship and would appreciate if more and more women entrepreneurs come forward. 
 
 
Mishra emphasised on promoting the use of solar energy, which would save electricity as well as fuels. 
 
 
He attributed rise in unemployment to deterioration of cottage industry in the country and added that this industry must be revived. 
 
 
He said the NDA government was putting efforts to build better infrastructure and provide on-time transportation facility so that Indian entrepreneurs may compete with their global, especially Chinese, counterparts. 
 
 
Mishra said the NDA government wants India to be developed as a manufacturing hub and export its quality products worldwide. 
 
 
Even the agricultural sector must grow at a rapid pace in the country, he said, reiterating Prime Minister Narendra Modi's slogan "we want to make in India, made in India". 
 
 
"Rising unemployment in the country can only be decreased and removed through the skill development programme for youths and the MSME ministry is thriving to achieve it," he added. 
Related opportunities
  • Laundry & Dry Cleaning
    About Us: Established in 2012, Western Dhobi Grandeur is an innovative..
    Locations looking for expansion Maharashtra
    Establishment year 2012
    Franchising Launch Date 2017
    Investment size Rs. 20lac - 30lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater PUNE Maharashtra
  • Others Food Service
    About Us: Punjabi Chaap Corner well known as PCC founded in..
    Locations looking for expansion Delhi
    Establishment year 2014
    Franchising Launch Date 2012
    Investment size Rs. 5lac - 10lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater New delhi Delhi
  • World's Largest Flower Retail Chain - Ferns N Petals Pvt...
    Locations looking for expansion New Delhi
    Establishment year 1994
    Franchising Launch Date 2000
    Investment size Rs. 5lac - 10lac
    Space required 150-300 sq feet
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New Delhi New Delhi
  • Fine Dine Restaurants
    About Us: Launched in 2013, Biryani Blues is Delhi NCR’s largest..
    Locations looking for expansion Delhi
    Establishment year 2013
    Franchising Launch Date 2019
    Investment size Rs. 30lac - 50lac
    Space required 750
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities

Free Advice - Ask Our Experts